WEEKLY WEBINAR: MAR 14

Short Description

Fed meeting & BOE, BOJ | WEEK AHEAD

Video Script

Number one:

The war in Ukraine will probably still dominate the week. Markets will be assessing progress made after peace talks last week in Turkey. Soaring gold, oil and other commodity prices will possibly see the biggest impact of any change on the ground in Ukraine.

 

Number two:

The Federal Reserve sets interest rates on Wednesday this week. Expectations are that Fed will raise rates by a quarter-point to a range of 0.25 percent to 0.50 percent. The rate hike is priced in, so it will be quarterly economic projections and comments from Fed Chair Jerome Powell that could move forex markets.

 

Number three:

The Bank of England will be meeting on Thursday to decide whether to raise rates. If they do, it will be the third meeting in a row. Higher rates could support the British pound – especially in crosses outside the US dollar.

 

Number four:

The Bank of Japan are not expected to raise rates at their meeting on Friday. The lower rate of inflation in Japan means rate hikes aren’t as urgent- but as a big net oil importer – policymakers might voice concern about high oil prices.

 

Number five:

As far as economic data, I will be watching China industrial production, UK unemployment and US PPI on Tuesday. US retail sales and Canada CPI on Wednesday. Australia unemployment on Thursday and Canada retail sales on Friday.